RE:RE:RE:just my humble opinion@ canne- You're right, Pascua Lama is an extreme example because of the gross over runs (one of the worst in industry history). But I cite it as an example for several parallels with the boleo project, many of which you mentioned: 1) "this project has wrecked Barrick's balance sheet " True. Over runs at Pascua are responsible for reducing Barrick's share value by like 40%. Over runs at Boleo are responsible for reducing BAJ by over 90%. Now, if Barrick were to announce one day that Pascua is ready and production is going to begin, what effect do you think that would have on share price? It would pop, and a higher share price would be sustained because there's a new operation and new cashflow supporting a higher SP. So, when Boleo starts up and the announcement is made, how will that effect BAJ share price? In the same way. It will pop. True, it's far cry from where it was years ago, but there's still upside here, despite the massive over runs, as there is for Barrick and Pascua. 2) "it is only Barricks huge pockets and other major projects that kept it from an even worse outcome" True. Barrick has deep pockets. In fact the only reason so many over run projects continue is because they are being funded by deep pockets. KORES has deep pockets also. Let's not forget- BAJ and their measly millions are not funding this project. KORES made up of LS-Nikko Copper Inc., Hyundai Hysco Co., Ltd., SK Networks Co., Ltd., and Iljin Materials Co., Ltd, and is STATE-OWNED, is funding this project. These companies are well established with a lot of money (albeit not all from mining operations), and they are backed by the state. Dare I say they have more money than Barrick even? Maybe. This project will be completed. And I ask again, when it is- what will be the effect on share price, and are we willing to wait for that? I am. BAJ is not funding, but will be left with the scraps, or "carcass" as you say, at the end. And as long as that carcass is greater than 2% (assuming the Boleo asset is worth $1B, and it's probably worth more, 2% is 20 million$), we will make money at these levels (because 20 million$ market cap is about 5.5 cents per share). And, that's just asset value, if you want to hold on to your shares until after production and add net smelter royalty (NSR) every year then the shares are worth more. Personally, I can't see 2% ownership, that would mean 600 million$ over runs in addition to the possible $200million just announced. I can't see that happening, but I guess stranger things have happened. Reasonably I'm thinking 8% ownership of assets (equal to about 20 cents per share) and NSR year over year (value TBD) if you choose to keep your shares long term. All my opinion.